Spirax-Sarco Engineering (LON:SPX) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Spirax-Sarco Engineering plc (LON:SPX) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 6,320.92 ($85.02) and traded as high as GBX 7,085.33 ($95.30). Spirax-Sarco Engineering shares last traded at GBX 7,005.70 ($94.23), with a volume of 73,766 shares trading hands.

Analysts Set New Price Targets

SPX has been the subject of a number of analyst reports. Citigroup lifted their price target on shares of Spirax-Sarco Engineering from GBX 8,000 to GBX 8,400 and gave the company a “buy” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 7,400 price target on shares of Spirax-Sarco Engineering in a research report on Wednesday, July 2nd. Finally, Shore Capital reiterated an “under review” rating on shares of Spirax-Sarco Engineering in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 7,900.

Spirax-Sarco Engineering Trading Down 1.0%

The firm has a market capitalization of £5.16 billion, a price-to-earnings ratio of 3,182.96, a P/E/G ratio of 2.20 and a beta of 0.68. The company has a debt-to-equity ratio of 98.85, a current ratio of 2.25 and a quick ratio of 1.73. The firm’s 50-day simple moving average is GBX 6,776.55 and its 200 day simple moving average is GBX 6,320.92.

Spirax-Sarco Engineering (LON:SPX) last announced its quarterly earnings data on Tuesday, August 12th. The company reported GBX 137.60 EPS for the quarter. Spirax-Sarco Engineering had a net margin of 11.57% and a return on equity of 16.58%. Equities analysts expect that Spirax-Sarco Engineering plc will post 334.5410628 earnings per share for the current year.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering rebrands as Spirax Group

On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company’s evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities.

Our new name respects our history and where we have come from, with who we are today.